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Jersey Chamber of Commerce

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Category: Financial  States of Jersey

Jersey Suspends Tax Cooperation with Russia

Mar 17, 2022

Jersey is suspending all forms of tax cooperation with Russia, with immediate effect, following a similar announcement by the UK Government.  

Jersey and Russia are both parties to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, which allows tax authorities to provide assistance to the tax authorities in other jurisdictions.

The Minister for External Relations and Financial Services, Senator Ian Gorst, said: "At a time when Jersey has imposed economic sanctions on Russia, we should not be providing the Russian government with information which it can use to increase its tax revenues.  In this we are aligned with the approach taken by the UK Government."

The Minister for Treasury and Resources, Deputy Susie Pinel, said: "This unprecedented decision reflects the extent to which the Russian government has isolated itself from the global community by its actions in Ukraine.  It does not however affect Jersey's commitment to international standards in tax transparency and the exchange of information."

Government of Jersey News Release.

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